Molson Coors Reports Higher Third Quarter EPS of $1.37

Molson Coors Brewing Company TAP today reported higher net income and underlying after-tax income for the third quarter 2010, driven by higher sales revenue, results of cost savings initiatives, higher equity income from MillerCoors, and favorable foreign exchange, partially offset by lower volume in the U.K. and U.S. and a higher effective tax rate.

Third Quarter Highlights⁽¹⁾

• Income from continuing operations attributable to Molson Coors, net of tax: $257.0 million⁽²⁾, +5.2% ($1.38 per diluted share)
• Underlying pretax income: $288.2 million⁽³⁾, +29.9%
• Underlying after-tax income: $239.1 million, +12.3% ($1.28 per diluted share)
• Net income attributable to Molson Coors: $256.1 million, +8.8% ($1.37 per diluted share)
• Net sales: $875.0 million, +2.5%
• Worldwide beer volume, 13.2 million hectoliters, -4.0%